v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 9 Months Ended 26 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Cash Flows from Operating Activities      
Net loss $ (828,782) $ (1,276,575) $ (3,583,972)
Adjustments to reconcile net income to net cash used in operating activities:      
Amortization of deferred debt discount 90,156 0 90,156
Stock-based compensation 2,242 49,506 135,537
Change in fair value of derivative liabilities (29,695) 116,000 36,806
Changes in operating assets and liabilities:      
Deposits 0 (975) (3,125)
Prepaid expenses 31,588 (72,464) (65,953)
Accounts payable and accrued expenses 40,152 144,029 126,331
Total Adjustments 134,443 236,096 319,752
Net Cash Used in Operating Activities (694,339) (1,040,479) (3,264,220)
Net Cash From Investing Activities 0 0 0
Cash Provided by Financing Activities      
Proceeds from issuance of convertible debentures 735,000 0 1,735,000
Proceeds from sale of convertible preferred stock, net of costs 0 0 1,714,104
Fees paid to third-parties in connection with sale of convertible preferred stock 0 0 (111,775)
Proceeds from issuance of founders' common stock 0 0 10,300
Proceeds from sale of common stock 0 0 200
Net Cash Provided by Financing Activities 735,000 0 3,347,829
Net (Decrease) Increase in Cash 40,661 (1,040,479) 83,609
Cash - Beginning 42,948 1,053,379 0
Cash - Ending 83,609 12,900 83,609
Non-Cash Investing and Financing Activities:      
Conversion of convertible debentures into convertible preferred stock 0 0 1,000,000
Warrants issued in connection with convertible preferred stock 0 0 663,673
Conversion of accrued dividends into common stock 9,728 0 9,728
Warrants issued in connection with convertible notes payable 430,500 0 430,500
Fair value of conversion option issued in connection with convertible note payable 7,875 0 7,875
Dividends accrued on convertible preferred stock 187,049 132,000 385,481
Settlement of share issuance liability 5,800 0 5,800
Shares issued relating to merger recapitalization 0 0 4,000
Shares issued related to acquisition of intangible asset $ 0 $ 0 $ 1,650